Res 64-80 RESOLUTION NO. 64-80
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DELRAY
BEACH, FLORIDA, AUTHORIZING THE EXECUTION OF AN OFFICIAL
STATEMENT RELATING TO $1,390,000 GENERAL OBLIGATION BONDS
OF THE CITY OF DELRAY BEACH, FLORIDA.
~EREAS, the City Council of the City of Delray Beach, Florida,
did on the 14th day of January, 1980, adopt a resolution authorizing the
issuance of $1,390,000 bonds to finance the cost of the construction of
various capltal improvements in the City; and,
W~qEREAS, there has been prepared and submitted to the City
Council a form of Official Statement relating to the bonds, dated July 8,
1980,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
DELRAY BEACH, FLORIDA, AS FOLLOWS:
Section 1. That the Official Statement in substantially the form
presented to this meeting, be and the same is hereby approved, and the
City Council hereby approves the use of the Official Statement in connec-
tion with the offering and sale of the Bonds, and hereby further approves
the use of any supplement or amendment to the Official Statement which is
necessary so that the Official Statement does not include any untrue
statement of a material fact-and does not omit to state a material fact
necessary to make the statements therein not misleading. The Mayor and
the City Clerk are hereby authorized and directed to execute the Official
Statement and any amendment or supplement thereto, in the name and on
behalf of the· City, and thereupon to be delivered with such approval to be
conclusively evidenced by their execution and delivery thereof.
Section 2. That the Mayor, the City Clerk and any other proper
officer of the City, be and each of them is hereby authorized and directed
to execute and deliver any and all documents and instruments and to do and
cause to be done any and all acts and things necessary or proper for
carrying out the transactions contemplated by the issuance and delivery of
the Bonds.
Section 3. That this resolution shall take effect immediately
upon, its adoption in the manner provided by law.
PASSED AND ADOPTED in reqular session on this the 22nd
day of July , 1980.
M A Y O R~'
LEON M. WEEKES
ATTEST:
' / CitY Clerk